The following table shows information for a business at the year end What is the payment period for trade payables, to the nearest day A 68 days B 73 days C 92 days D 95 days S00 Average inventory 25 Credit sales 150 Credit purchases 112 Total purchases 140 Trade payables 28 Trade receivables 39...

Trade Payable A 28 Credit Pu ...

The following table shows information for a business at the year end. What is the payment period

Question:

The following table shows information for a business at the year end.

What is the payment period for trade payables, to the nearest day?

A. 68 days

B. 73 days

C. 92 days

D. 95 days.

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Accounting For Cambridge International AS And A Level

ISBN: 9780198399711

1st Edition

Authors: Jacqueline Halls Bryan, Peter Hailstone

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Question Posted: Sep 17, 2021 01:41 AM

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The following table shows information for a business at the year end. What is the payment period

Question:

S00 Average inventory 25 Credit sales 150 Credit purchases 112 Total purchases 140 Trade payables 28 Trade receivables 39

Step by Step Answer:

Trade Payable A 28 Credit Pu...View the full answer

Accounting For Cambridge International AS And A Level

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